The European Commission recently issued a warning to X Corp. owner, Elon Musk, and CEO Linda Yaccarino about the potential penalties and restrictions the company may face in Europe if it does not address the spread of illegal content on its social media platform. The commission specifically raised concerns about the dissemination of content that
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The tech world was shocked by the news of the passing of former YouTube CEO, Susan Wojcicki, at the age of 56. Widely regarded as one of the most influential early Google employees, Wojcicki left behind a remarkable legacy in the tech industry. Serving as the CEO of YouTube for nearly a decade, she was
In a surprising move, contested Venezuelan President Nicolas Maduro ordered a 10-day ban on the social networking platform X, cutting off locals’ access to the site. The ban came after a feud with Elon Musk, the owner of the platform. Maduro, in a speech translated by CNBC, stated that he signed a decree instructing the
In a move that could potentially change the landscape of the tech industry, Apple is considering charging its users up to $20 for its advanced artificial intelligence features. Analysts believe that this new strategy is aimed at boosting the growth of Apple’s already lucrative services business. Apple is planning to launch Apple Intelligence, its new
Sony’s chief financial officer, Hiroki Totoki, made it clear during the company’s fiscal first-quarter earnings presentation that Sony has no intentions of submitting a new bid for film and TV production group Paramount Global. This decision comes as Sony believes that acquiring Paramount does not align with its current strategy. Totoki emphasized the potential risks
The U.K. government recently issued a strong response to Elon Musk’s controversial comments regarding the riots occurring across the country. Musk’s remarks, shared on the social media platform X, lamented that “Civil war is inevitable” in response to the violent disorder that has been taking place in towns and cities like Liverpool and Manchester. These
Microsoft recently retorted Delta Air Lines’ claims of not modernizing its technology prior to the massive IT outage that led to the cancellation of thousands of flights. Delta CEO, Ed Bastian, insisted that Microsoft and CrowdStrike were responsible for the disruptions, leading to significant financial losses for the company. However, Mark Cheffo, a Dechert partner
John Schulman, the co-founder of OpenAI, recently announced his departure from the Microsoft-backed company to join Anthropic, an artificial intelligence startup funded by Amazon. This decision comes in the wake of OpenAI disbanding a superalignment team focused on ensuring human control over AI systems surpassing human capabilities in various tasks. Schulman had a prominent role
As the U.S. markets opened on Monday, the tech industry experienced a significant blow with the megacap companies collectively losing approximately $1 trillion in market cap. Nvidia, a prominent chipmaker, saw a staggering loss of over $300 billion in market cap at the opening bell. Although the company was able to recover about half of
Elon Musk has once again filed a lawsuit against Sam Altman in federal court, accusing him of manipulating Musk into co-founding OpenAI under false pretenses. Musk claims that Altman and current OpenAI President Greg Brockman deceived him into believing that the organization was a non-profit, only to later establish a web of for-profit affiliates, engaging